Macfarlanes has advised Greenergy, a leading British fuel supplier, on a major investment by Brookfield Business Partners, part of Canadian alternative asset management group Brookfield. The transaction aims to give Greenergy the leverage to accelerate its growth strategy in the UK and in other markets.
We advised Gasum Ltd in selling its heat business and natural gas retail business to Auris Kaasunjakelu Oy in the Auris gas distribution network area. Anticipated to be completed by mid-February, the transaction is part of Gasum’s strategy in which the key objective is to expand the gas market based on biogas, natural gas and liquefied natural gas (LNG) in the Nordic countries.
It was announced 7 February 2017 that DCC Energy has reached an agreement to acquire the retail petrol network for the consideration of NOK 2.43 billion.
Esso's retail petrol station network in Norway comprises a national network of 142 company-operated sites (127 retail service stations and 15 unmanned stations) and has contracts to supply 108 Esso-branded dealer owned stations. As part of the transaction DCC Energy will enter into long term brand and supply agreements with Esso Norge AS.
- Energy costs and energy security a concern for business
Pinsent Masons has advised WElink Energy, Compton Group and British Solar Renewables on the sale of Shotwick Solar Park to Foresight Solar Fund Limited.
The Shotwick Solar Park, located in Deeside, North Wales is the UK's largest operational Solar Park, with an installed capacity of 72.2MW.
Baker McKenzie are sponsor counsel for Neoen, a French renewable energy company, on three solar projects, located in Dubbo, Parkes and Griffith, worth $230 million in total.
These projects are the first of 12 approved grant applications to reach financial close as part of the Australian Renewable Energy Agency grant funding under its large scale solar program and included a project financing component from the Clean Energy Finance Corporation.
Pinsent Masons has advised North Sea-focused oil and gas operator Ithaca Energy Inc on a takeover bid valuing the business at US$1.24bn.
Under the proposed deal Israeli-listed Delek Group will increase its 19% shareholding with a cash takeover offer. Delek proposes to buy Ithaca for 120p per share. The offer values Ithaca’s equity at US$646m and gives the company an enterprise value of US$1.24bn. It has been unanimously recommended by Ithaca’s Board. Ithaca is dual-listed on the Toronto and London Stock Exchanges, and is headquartered in Aberdeen.
DLA Piper has advised the Australian Renewable Energy Agency (ARENA) on three projects that have reached financial close under ARENA's multi-million dollar large-scale solar photovoltaics (PV) competitive funding round.
ARENA has committed AU$92 million in funding for 12 new large-scale solar PV plants across Australia, consisting of 480 MW in total.
The 12 projects – six in Queensland, five in New South Wales and one in Western Australia – are unlocking almost AU$1 billion of commercial investment and boosting regional economies.
Clifford Chance advised KrisEnergy Ltd. on a number of capital restructuring transactions including a consent solicitation for the mandatory exchange of its S$130 million and S$200 million senior unsecured notes for new S$130 million and S$200 million senior unsecured accrued interest notes, listed on the Singapore Stock Exchange, and a S$139.5 million preferential offering of senior secured notes and equity warrants, listed on the Singapore Stock Exchange.
Delphi has been legal advisor to Aligera AB (publ) in conjunction with the listing of its shares on Nasdaq First North. First day of trading is Wednesday, 1 February 2016.
Heuking Kühn Lüer Wojtek advised PA Power Automation AG on the entry of a new strategic investor as part of a capital increase.